The Government of the Russian Federation approved the strategy for the development of the construction industry and housing and communal services until 2030

Construction industry development strategy

Russian Prime Minister Mikhail Mishustin on Wednesday signed a decree approving the strategy for the development of the housing and communal services and the construction industry of the country until 2030. Among the main goals are the development of preferential mortgage programs, the reduction of administrative procedures, the renewal of communal infrastructure and the digitalization of construction processes.

According to the strategy, by the end of 2030, the total ten-year volume of housing commissioning in Russia should be at least 1 billion square meters. m. At the same time, the implementation time of projects should be significantly reduced without reducing the requirements for the safety and quality of built houses, says in a message published on November 2 on the website of the government of the Russian Federation.

It is proposed to achieve this, among other things, through the development of preferential mortgage programs for families with children and other groups, for example, young professionals. Also, mortgages for the construction of individual residential buildings should become widespread in the country – by 2030, at least 500,000 such loans should be issued.

The housing stock of Russia by 2030 should be updated by more than 20%. From 27.8 sq. m to 33.3 sq. m per person should increase the level of housing.

In the housing sector, the document pays special attention to the development of infrastructure. The share of the population provided with good drinking water from centralized sources is proposed to be increased from 86.5% to 99% by the year 2-30. The strategy also sets the task of stimulating domestic demand for natural gas, which will be able to ensure the safety of territories that are remote from the main gas networks and still use coal and fuel oil as fuel.

In mid-October, Russian government approved a comprehensive state program “Construction”, designed for five years. Its implementation will begin on January 1, 2023.

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